Taxes in hong kong for expat

com). The source of profits is one of the most controversial topics in the context of Hong Kong taxation. Hong Kong is seen as an important world market gateway for many multinational companies within IT, digital, advertising and HR industries. However, you get to claim up to $85,000 per year income tax exemption. Basically, you pay two taxes, one is Hong Kong local tax, and the other is the US tax. Hong Kong has a long history of welcoming overseas workers to share its rich cultural heritage, technical innovations and vibrant lifestyle. ONCE a tiny trading post, Hong Kong is now a neon metropolis where young expats are flocking for business As Hong Kong marks the 20th anniversary since the handover to China in 1997, it does so with a drastically different economic landscape and outlo, particularly for the many foreigners who call the . Hong Kong Expats Hong Kong Blog For Expats…I was an US permanent resident and I worked in Hong Kong for 2 years. fayed@iamgltd. Hong Kong Office 20th Floor, Central Tower 28 Queen’s Road Central, Hong Kong Office: (852) 2159 9418 Mobile: (852) 5275 8709 Fax: (852) 3007 5296 Shanghai Office 1312 West Beijing Road Bld 14, Apt. Learn more about visa application for working, dependant or business visa and its renewal, Hong Kong ID, permanent residency and more. Popular job opportunities for Hong Kong Profits Tax is a tax levied on the net profits on business. US do expect their citizens and PRs to pay income tax regardless of whether if you are working overseas or not. Companies and individuals (sole proprietors) carrying out business in Hong Kong will be liable to Profits Tax provided that the profits are sourced in Hong Kong. Outside of Dubai and several Middle…Expat Guide to Living in Hong Kong. news; Western expats are turning Hong Kong into a drug and sex-fuelled den of debauchery. Hong Kong have their own income tax and it is very low. Whether you're already living in Hong Kong or preparing to move to Hong Kong, our Expat Guide to Living in Hong Kong offers articles and reports submitted by expats about expat life in Hong Kong. For answers to specific questions, visit our Hong Kong Forum to talk with expats in Hong Kong. In determining whether all the services are rendered outside Hong Kong for a given year of assessment, no account is taken of services rendered in Hong Kong during visits not exceeding 60 days in the basis period for the year of assessment (the so-called ‘60-day rule’). 102 Jing’An, Shanghai, China 200040 Phone: +86 18621677451 Philippines Office Zenith Central Building Suite #201 Luzon Avenue, …(If you are a British expat in Hong Kong or Singapore, or an expat in general, please send any questions related to this article to adam. Moving to Hong Kong: a checklist